Chevron is seeking contractors for a major retirement campaign across the Gulf of Thailand as the Southeast Asian nation braces for a huge wave of decommissioning.
International Energy Agency
Oil was steady near $43 a barrel in London before an OPEC+ meeting to assess the state of the market as demand comes under pressure once again from a resurgent coronavirus.
The outlook for global oil markets has grown “even more fragile” as a resurgent pandemic derails the recovery in demand, the International Energy Agency said.
It has been another eventful couple of weeks in the global energy sector. The COVID-19 situation continues to create havoc across the world, as countries deal with the fall-out of the health crisis and associated economic impact.
Oil rose as the head of the International Energy Agency forecast demand will likely grow past its level before the global pandemic.
An Aberdeen energy expert has said the North Sea has an opportunity to demonstrate its “resilience” as global oil demand reaches a 25-year low.
Global oil demand will plunge to its lowest level in 25-years this month, in what the International Energy Agency described as a “staggering” wipeout of nearly a decade’s growth.
Big Oil doesn’t have a choice; either it gets serious about the necessary transition to low carbon energy or mounting public fear fuelled by the impacts of the deepening climate crisis will eventually force drastic change.
Oil and gas companies have provided “few signs” that they are willing to devote enough cash to tackling climate change, a new report said.
The past decade hasn’t done much to inspire optimism about the future of the planet.
Ever heard of the International Energy Agency’s Technology Collaboration Programme? Possibly not. It doesn’t exactly hit the headlines.
As Georgia completes its economic turnaround and builds a closer relationship with the EU, more investment is needed in the energy sector. As an investor in renewable power generation, thorough Silk Road Group’s Bahkvi 3 hydropower project, I am supporter of Georgia’s journey towards energy independence. To achieve that, Georgia needs to prove to investors that its energy market is mature, competitive and predictable.
Shell CEO Ben van Beurden has been unveiled as part of a global commission to help global progress on energy efficiency.
Global oil demand remains on course to be stronger this year than in 2018 as a boost from lower fuel prices counters slowing economic activity, according to the International Energy Agency.
The International Energy Agency welcomed the oil market’s return to surplus as OPEC’s production surge swells global stockpiles and drives prices into a bear market.
U.S. fossil fuel consumption last year reached the lowest share in more than a century as use of renewable energy continued to climb and petroleum use remained well below its 2005 peak.
Crude edged lower amid predictions of a steep hike in U.S. crude output this year.
The International Energy Agency (IEA) has announced that it will reduce its estimate for UK oil production by 300kb/d for December in reaction to the Forties pipeline closure.
Growing demand for renewable energy in Sub-Saharan Africa should give continent a ‘huge boost’, said senior international energy official.
A new video by the International Energy Agency shows how the renewables market will develop and expand over the next several years.
The US looks set to become a global gas giant as demand increases from developing countries and across industrial sectors over the next five years, according to a new report.
Global oil demand should outpace supply in the second half of this year – but excess inventories are expected to persist well in to 2018 according to the International Energy Agency.
The amount of oil discovered globally dropped to a record low in 2016, according to the International Energy Agency (IEA).
Oil capped its third weekly gain after the International Energy Agency said production cuts have brought world markets “very close to balance” and should soon deplete stockpiles that rose in the first quarter.
New liquefied natural gas (LNG) supplies are coming online just as demand growth in some major markets weakens, resulting in a major reshaping of the global gas trade in the next five years.